Welcome to the thread, @JENNILUNA13.
Venmo is a portal like Paypal use to pay expenses and receive money. As mentioned by @john-pero, you don't need to add Vendo to your Chart of Accounts (COA) but as a payment method.
So when receiving a payment, you can create a bank deposit to record it. And write a check or expense for money out transactions, then set Venmo as the payment method. For more details about this process, see these articles:
In your case, since you've set up Vendo on your COA, you can follow the suggested workaround provided by my colleague @Ryan_M, which is to create a journal entry to transfer the transaction. Then, consult your account on which account receives the debit or credit. This to ensure the correct posting of your books.
If you have any other questions or concerns in managing your transactions, let me know by commenting below. I want to make sure everything is taken care of for you. Have a great day.
